Plug Power’s stock surged 5.24% during Wednesday’s intraday trading following the company’s announcement of its involvement in Africa’s first fully integrated commercial green hydrogen facility. The project, developed with Cleanergy Solutions Namibia, features a 5MW GenEco electrolyzer system and renewable energy infrastructure to produce hydrogen for transportation and industrial use.

The facility, located at the Hydrogen Dune site in Walvis Bay, combines solar power, battery storage, and hydrogen production to create a vertically integrated model for decarbonization. This milestone underscores Plug Power’s leadership in the global hydrogen economy and its ability to scale hydrogen infrastructure in emerging markets.

Plug Power’s electrolyzer technology is expected to support hydrogen-powered trucks, port equipment, and ships, while also positioning Namibia as a regional hub for renewable hydrogen production. The project aligns with growing global investment in green hydrogen and highlights Plug’s role in advancing energy independence and industrial decarbonization.